Legacy Society Giving
Bequest
A legacy gift is usually made through a gifting clause in one’s estate plan.
Bequests can be created through:
Will or Trust
General Bequest is a gift of a stated sum or percentage of money.
Residuary Bequest is a gift of the remainder of your estate after all other bequests, debts and taxes have been paid.
Contingent Bequest is made on the condition that a certain event must occur before distribution to the beneficiary.
Qualified Retirement Plan Assets
Individual Retirement Account (IRA), 401(k), 403(b) and other retirement assets are subject to significant taxes if left to family members at one’s death. If left to YWCA Minneapolis, we can withdraw pretax monies without paying income tax, thus maximizing your gift. Gifting qualified retirement assets to YWCA Minneapolis may also reduce the size of your taxable estate.
Life Insurance
A gift of life insurance is a simple way to make a legacy gift. Name YWCA Minneapolis as a partial, full or remainder beneficiary on your policy
Charitable Gift Annuities
A contract between you and YWCA Minneapolis. In exchange for cash or securities, YWCA Minneapolis will pay you and/or another beneficiary a fixed lifetime income. Your rate depends on your age; the older you are, the higher the rate.